Digital Assets Download - Solstice and Signing Off for 2022

One of the world’s oldest holidays, the solstice has always been symbolically important as a turning point in the year. Whether you’re using next week’s solstice to refocus on new projects or renew your efforts in existing ones, you can count on the Digital Assets Download to remain a helpful guide in this space. And since this is our last Digital Assets Download of 2022, our “Lingo” terms below—HODL and WAGMI—reflect both our approach to work in this space and our hopes for the new year. Best wishes everyone!

For the Uninitiated: Digital Assets Download is a curated mix of insights and headlines that provide a Layer 3 Legal Perspective™ on the digital assets multiverse—created by Mayer Brown’s global Digital Assets, Blockchain & Cryptocurrency group. (Check out all of our previous editions of the Digital Assets Download)

Selected events for deeper dives into different parts of the digital assets and DeFi world.

Mayer Brown and EmpireDAO Host Web3 Lawyers in New York
On December 7, Mayer Brown and EmpireDAO hosted a Web3 lawyer meetup connecting legal professionals from across the industry and cross-pollinating ideas that will shape the rollout of these technologies in the future. Look for similar events in the new year!

US Senate Committee on Banking, Housing, and Urban Affairs Hearing on “Crypto Crash: Why the FTX Bubble Burst and the Harm to Consumers”
On December 14, the Committee conducted a hearing titled “Crypto Crash: Why the FTX Bubble Burst and the Harm to Consumers.” The witnesses were Professor Hilary J. Allen, American University Washington College of Law; Mr. Kevin O’Leary, Investor; Ms. Jennifer J. Schulp, Director of Financial Regulation Studies, Center for Monetary and Financial Alternatives, Cato Institute; and Mr. Ben McKenzie Schenkkan, Actor and Author. The link above leads to a recording of the hearing.